House passes bill to avert government shutdown, extend flood insurance funding
Stopgap spending bill will maintain funding for government agencies until December 11.
By an overwhelming bipartisan vote of 359-57, the House voted on the evening of Sept. 22 to pass a stopgap spending bill that will avert an impending government shutdown by funding every federal government agency at current levels through Dec. 11. The Senate is expected to approve the bill in the near future. Absent congressional action, the government would have faced a shutdown on Oct. 1.
Of note to the housing community, the legislation will keep the National Flood Insurance Program (NFIP) funded through Sept. 30, 2021. NAHB continues to work with Congress to achieve a long-term reauthorization of the NFIP that will keep the program fiscally sound and let builders provide safe and affordable housing.
Source: www.nahb.org
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